4 Industries That Rely on International Commerce

Established corporations and startups are relying increasingly on the international business community, as technology allows companies of various sizes to operate globally. From outsourced labor to specialty factories, international resources are contributing high volumes of inventory and work to modern companies. Businesses must be flexible and embrace innovative global business techniques in order to keep up. Take a look at these four industries that bank on the international marketplace.

1. Computers and software

Technology juggernauts are quickly learning that the best minds in computer technology and programming are found worldwide. By expanding the scope of talent recruitment, part assembly, and product acquisition, tech companies are scaling beyond the realm of what we thought was possible. By culling the mightiest brains in app development, UI design, and programming, startups and large corporations are able to lead the way with new operating systems, computer hardware, and apps. The fanfare surrounding new gadgets and electronic toys cannot be ignored.

Systems like those provided by Supply Chain Sciences allow businesses to keep up with inventory and product shipments. These scalable solutions allow budding tech companies to grow into the next big thing.

2. Gasoline and Oil

Some of the world’s most valuable companies specialize in energy solutions. Gas fields and facilities are located all over the world, in locations like Hawaii, Australia, Nigeria, Brazil, and many other countries. As natural resources dwindle, gas and oil giants are researching alternative energy sources, including windmills, water current, and solar power. These industries may lead to further growth of various energy options, powering the international marketplace for decades to come.

3. Automotive

Cars get people to and from work, allow us to travel, and help us establish our identity with stylized colors and builds. It is no surprise that many famous automobile manufacturers have made a name for themselves internationally. Ford kicked off a renaissance in manufacturing, introducing assembly-line construction and standardized parts. This made automobiles more accessible and cheaper to make. Subaru, VW, Toyota, and Mitsubishi are all known for their success in the global automotive industry.

4. Healthcare

Enterprise-level companies, small-medium business, and startups all must answer this question when hiring employees: Who will provide staff healthcare? As companies seek to become more competitive, benefits are a major factor in building successful teams and recruiting the best talent.

The worldwide healthcare industry has taken off, as companies must find ways to provide their global employees with health insurance. As companies grow and rely on global commerce, more employers will provide health coverage internationally.